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September 19, 2002

Policy Break: News Flash--Socialism Corrupts

Michael

In the September 19, 2002 Wall Street Journal, leftist Albert R. Hunt in his column “Politics and People” notes approvingly:

In a survey last month for Alliance for Retired Americans, Democratic pollster Peter Hart found prescription drugs are the main voting issue for seniors, who turn out disproportionately in off-year elections…Mr. Hart accurately described the more costly and generous Democratic prescription drug plan and the cheaper and less generous GOP plan without identifying the partisan sponsors. Seniors, by an overwhelming majority, prefer the Democrats approach.

Gosh, that’s a surprise. The people who stand to benefit from a new income transfer plan (and who would pay no taxes to support it) approve of a more generous version of that transfer—overwhelmingly!

Well, you know what they say: Transfer payments corrupt, and entitlement programs corrupt absolutely.

Cheers,

Friedrich

posted by Friedrich at September 19, 2002




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